Indira Mahila Shakti Enterprise Promotion Scheme 2024: Last Date

Indira Mahila Shakti Enterprise Promotion Scheme Apply Online & Application Form | Indira Mahila Shakti Enterprise Promotion Scheme Check Beneficiary Category & Last Date | Indira Mahila Shakti Enterprise Promotion Scheme Check Benefits & Features | Indira Mahila Shakti Enterprise Promotion Scheme Check Selection & Implementation Procedure | Indira Mahila Shakti Enterprise Promotion Scheme Check Eligibility & All Details | 

A government program called the Indira Mahila Shakti Enterprise Promotion Scheme aims to empower Indian women entrepreneurs. This program offers women who wish to launch their businesses or grow existing ones financial support and assistance. Women are given the chance to illustrate their abilities and talents in a variety of industries through this program.

This article will provide all types of information about the Indira Mahila Shakti Enterprise Promotion Scheme 2024 like purpose, Eligibility Criteria, Benefits, Features, important documents, etc. Apart from this, we will share the process to apply online for this scheme. To get complete information about this scheme, read this article till the end.

Indira Mahila Shakti Enterprise Promotion Scheme 

The Indira Mahila Shakti Enterprise Promotion Scheme has the potential to greatly impact the number of female entrepreneurs and promote equitable economic growth. This program intends to develop a more just and prosperous society by trying to offer the required opportunities and support. Applications for the Indira Mahila Shakti Enterprise Promotion Scheme are accepted from women entrepreneurship via the official website or in-person at the MSME office that is roughly equivalent to them.

The Government of India has taken a commendable step to empower women entrepreneurs with the Indira Mahila Shakti Enterprise Promotion Scheme. The programme aims to create an environment that is respectful of women starting and growing their businesses by offering financial assistance, training, and support services. It means promoting women’s economic empowerment while also advancing the country’s infrastructure as a whole.

Highlights of Indira Mahila Shakti Enterprise Promotion Scheme 2024

The highlights of this scheme are as follows:- 

Objectives of Indira Mahila Shakti Enterprise Promotion Scheme 2024

The main objectives of the Indira Mahila Shakti Enterprise Promotion Scheme are to encourage women to become self-reliant, enhance their economic status, and contribute to the overall development of the nation. By providing financial support, training, and guidance, the scheme aims to create a conducive environment for women entrepreneurs to thrive and succeed in their respective fields.

The second objective of the Indira Mahila Shakti Enterprise Promotion Scheme is to promote women’s entrepreneurship and create a conducive environment for women to set up and run their enterprises. By providing financial assistance, training, and other support services, the scheme aims to enable women to become self-reliant and economically independent.

Beneficiary Category 

The beneficiaries of the Indira Mahila Shakti Enterprise Promotion Scheme are women entrepreneurs from various sectors such as manufacturing, services, agriculture, and allied activities. The scheme is open to women from both rural and urban areas, enabling them to start and expand their businesses.

Application Enrollment Last Dates

Applications for enrollment in the scheme can be submitted throughout the year. However, there are specific deadlines for each financial year, which are announced by the implementing agency. Interested women entrepreneurs should stay updated with the latest information and deadlines to ensure the timely submission of their applications.

Selection Procedure 

The selection procedure for the Indira Mahila Shakti Enterprise Promotion Scheme involves a thorough evaluation of the applications received. The implementing agency assesses various factors such as the viability of the business proposal, the potential for growth and sustainability, and the impact on women’s empowerment. Shortlisted candidates are then notified and provided with the necessary support to implement their business plans.

Implementation Procedure

Once selected, the implementation procedure begins, wherein the beneficiaries receive financial assistance as per the approved business plan. The funds can be utilized for various purposes such as acquiring machinery, raw materials, infrastructure development, marketing, and working capital. Regular monitoring and evaluation are conducted to ensure the proper utilization of funds and the progress of the enterprises.

Supervision Body 

The supervision and monitoring of the scheme are carried out by a designated body appointed by the government. This body ensures the effective implementation of the scheme and provides guidance and support to the beneficiaries throughout their entrepreneurial journey.

Financial Assistance

The scheme offers financial assistance to women entrepreneurs who wish to start or expand their businesses. This financial support can be in the form of loans, grants, or subsidies, depending on the specific needs and requirements of the business.

Low Interest Rates

One of the key advantages of the scheme is the provision of loans at low-interest rates. This ensures that women entrepreneurs can access the necessary funds without being burdened by high-interest payments, enabling them to focus on the growth and development of their businesses.

Collateral-free Loans

Unlike traditional loans that often require collateral, the scheme offers collateral-free loans. This eliminates the need for women entrepreneurs to provide valuable assets as security, making it easier for them to access financial support and start their entrepreneurial journey.

Flexible Repayment Options

The scheme also provides flexible repayment options, taking into consideration the challenges and uncertainties that women entrepreneurs may face in their businesses. This flexibility allows them to repay the loans in a manner that suits their financial capabilities and business growth.

Technical & Marketing Support

Recognizing the need for technical and marketing expertise, the scheme offers support in these areas. Women entrepreneurs can benefit from training programs, workshops, and mentoring sessions that equip them with the necessary skills and knowledge to effectively manage and market their businesses.

Capacity Building

The scheme focuses on capacity building by providing women entrepreneurs with opportunities to enhance their skills and knowledge. This includes training programs, skill development initiatives, and workshops that empower them to take on leadership roles and manage their businesses with confidence.

Market Linkages

Access to markets is crucial for the success of any business. The scheme facilitates market linkages for women entrepreneurs, connecting them with potential buyers, distributors, and suppliers. This enables them to expand their customer base and increase their business opportunities.

Networking Opportunities

Networking plays a vital role in business growth and development. The scheme provides women entrepreneurs with networking opportunities, allowing them to connect with other like-minded individuals, industry experts, and potential business partners. This networking support fosters collaboration and knowledge sharing, opening doors to new opportunities and partnerships.

Access to Government Schemes

Through the scheme, women entrepreneurs gain access to various government schemes and initiatives that provide additional support and resources. This includes subsidies, tax benefits, and other incentives that further promote the growth and sustainability of their businesses.

Empowerment & Economic Independence

The scheme is a powerful tool for empowering women by providing them with the necessary financial assistance, support, and opportunities to become economically independent. By enabling women to start and grow their businesses, the scheme not only contributes to their personal growth but also to the overall development of society.

Key Guidelines 

Key guidelines of the scheme include:-

• Preference is given to women entrepreneurs from marginalized and economically weaker sections of society.
• Financial assistance is provided in the form of grants, subsidies, and loans with low interest rates.
• Training and capacity-building programs are organized to enhance the entrepreneurial skills of women.
• Women-led enterprises are encouraged to adopt sustainable and eco-friendly practices.
• Support is provided for market linkages, branding, and promotion of women-led products and services.
• Regular mentoring and handholding support are offered to women entrepreneurs for business growth and expansion.
• Collaboration with various stakeholders such as banks, industry associations, and NGOs is encouraged to ensure comprehensive support.
• Transparency and accountability are maintained through a robust monitoring and evaluation system.
• Efforts are made to create awareness about the scheme and its benefits among potential beneficiaries.
• Regular review and revision of the scheme are undertaken to address emerging needs and challenges.

Benefits of Indira Mahila Shakti Enterprise Promotion Scheme 2024

The benefits of this scheme are as follows:-

• Financial Assistance: The scheme provides financial assistance to women entrepreneurs, enabling them to start and expand their businesses.
• Low-Interest Rates: The scheme offers loans at a subsidized interest rate, making it more affordable for women to borrow money for their ventures.
• Collateral-free Loans: Women entrepreneurs can avail of collateral-free loans under this scheme, eliminating the need for them to provide any security or guarantee.
• Flexible Repayment Options: The scheme provides flexible repayment options, allowing women to repay their loans in easy instalments over a longer period.
• Technical and Marketing Support: The scheme offers technical and marketing support to women entrepreneurs, helping them enhance their skills and promote their products or services.
• Capacity Building: The scheme focuses on the capacity building of women entrepreneurs through training programs, workshops, and skill development initiatives.
• Market Linkages: The scheme facilitates market linkages for women entrepreneurs, connecting them with potential buyers and helping them expand their customer base.
• Networking Opportunities: Women entrepreneurs under this scheme get the opportunity to network with other like-minded individuals, fostering collaboration and knowledge sharing.
• Access to Government Schemes: The scheme provides women entrepreneurs with access to other government schemes and initiatives, enabling them to avail additional benefits and support.
• Empowerment and Economic Independence: The scheme aims to empower women by providing them with the means to become economically independent and contribute to the country’s economic growth.

Features Of Indira Mahila Shakti Enterprise Promotion Scheme 2024

The features of this scheme are as follows:-

• Financial Assistance: The Indira Mahila Shakti Enterprise Promotion Scheme provides financial assistance to women entrepreneurs for setting up new enterprises or expanding existing ones.
• Loan Subsidy: Under this scheme, women entrepreneurs can avail of a loan subsidy of up to 35% of the project cost, subject to a maximum of Rs. 10 lakhs.
• Interest Subvention: Women entrepreneurs can also benefit from an interest subvention of 5% on the loan amount for a period of three years.
• Training and Skill Development: The scheme offers training and skill development programs to enhance the entrepreneurial capabilities of women, enabling them to run successful enterprises.
• Market Linkages: The scheme facilitates market linkages for women entrepreneurs by connecting them with potential buyers and providing assistance in marketing their products.
• Technology Upgradation: Women entrepreneurs can receive support for technology upgradation and modernization of their enterprises, ensuring their competitiveness in the market.
• Handholding Support: The scheme provides handholding support to women entrepreneurs throughout the project implementation process, including assistance in project formulation, implementation, and monitoring.
• Business Development Services: Women entrepreneurs can avail of business development services such as mentoring, business planning, and access to credit facilities.
• Collateral-Free Loans: The scheme promotes collateral-free loans for women entrepreneurs, making it easier for them to access finance and start their own enterprises.
• Empowerment and Socio-economic Development: The Indira Mahila Shakti Enterprise Promotion Scheme aims to empower women and promote their socio-economic development by encouraging entrepreneurship.

Indira Mahila Shakti Enterprise Promotion Scheme Eligibility Criteria 

The applicants will need to follow the below-mentioned points to apply online for this scheme:-

This scheme is open to women native to Rajasthan who are involved in milk production, dairy farming, agriculture-based businesses, or service industries. To be eligible, applicants must be 18 years old or older. Loans are only provided to groups of women, with projects related to land, buildings, or personal resources generally receiving priority for approval. Women can participate individually or as part of registered self-help groups, collectors, or federations according to the rules of the Cooperative Act.

Important Documents 

Some of the important documents required to apply online for this scheme are as follows:-

• Aadhar Card
• Residence Certificate
• Income Certificate 
• Educational Certificates 
• Bank Account Details 
• Latest Passport Size Photos 
• Mobile No
• Email ID 

Indira Mahila Shakti Enterprise Promotion Scheme Apply Online 2024 

The applicants will need to follow the below-mentioned points to apply online:- 

• Visit the Official Website of the Women and Child Development Department of Rajasthan.

• Click on the “Indira Mahila Shakti and Incentive Scheme” option on the home page.

• Read the guidelines provided on the new page.
• Click on the option to fill out the application form.
• The application form consists of 7 steps covering general details, applicant information, workplace details, proposed project details, financial institution details, priority basis, and document upload.
• Carefully fill in all the required information in the application form.
• Upload the necessary documents as specified in the guidelines.
• Click on the submit option to complete the application.
• Once the application is verified, the loan amount will be disbursed to the woman’s bank account.
• This process enables women in Rajasthan to apply for and benefit from the Indira Mahila Shakti Udyam Protsahan Yojana.